Armenia-Iran Railroad to Cost $1,000,000,000

Yes, that's a billion dollars for a railroad between the two countries for trade.

At present, there exists a railroad between Iran and the former Soviet republic but since it passes through the Nakhichevan, a controversial area between Armenia and Azerbaijan Republic, it is not currently in use...

Economic experts believe that given the possible resolution of the dispute between Armenia and Azerbaijan Republic over the Nagorno-Karabakh region, the building of the new railway would be uneconomical.

I'd support this project over the other failed one between the surrounding evil countries. Now let's find that investor!

Source: IranMania

Armenia in Debt...for 2 Billion Dollars!

Straight from Dr. Evil's notoriously accurate mouth:

Armenia's foreign debt increased by $192.49 million to $2.05 billion in 2006...

Armenia's international assets increased by $307.06 million in 2006, to $1.39 billion as of January 1, 2007, the statistics service said.

International assets, huh? Would this by any chance include Brazilian assets?

Source: RIA Novosti

Armenian Taxes in 2006 in the Billions...of AMD!

Every country has to have a hated agency. Of course, in the United States it's the Internal Revenue Service, charged with making your life a living hell full of numbers, exceptions, and lots of paper! But don't worry: Armenians aren't exactly green with envy, because they've got the same at home!

The RA Taxation Service collected a total of AMD 220.683bln (about $605 million) taxes instead of the planned AMD 220.417bln...

He said that tax revenues actually increased by AMD 47bln ($128 million) compared to 2005. Tsolakyan stressed that a steady increase in tax revenues have been recorded in Armenia over the last few years.

Tsolakyan stressed that the RA taxation Service focused its attention on construction, mining industry, gas and public catering.

So if you run a prostitution ring, you get off without a hitch.

Source: Arka